Word: lard
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Many a U. S.. politician, fat or lean, wise or lard-headed, hit the 1940 trail last week...
...belligerent nation often needs wheat and lard and cotton . . . just as much as it needs anti-aircraft guns. . . . . . . Let those who seek to retain the present embargo be wholly consistent and seek new legislation to cut off cloth and copper and meat and wheat and a thousand other articles from all of the nations...
...spontaneously and unreasonably as buying had spurted, prices mounted. Sugar prices advanced from one to three cents a pound. Lard went up three cents, flour almost a cent. Meat wholesalers took advantage of the spurt in business by advancing veal, pork and beef prices from two to ten cents a pound. California canners upped canned fruit prices 5 to 30? a dozen...
...wheat, for sugar). Popeyed at the spurt but calculating on still further rises, many a holder of wheat and sugar pulled out of the market, determined to hang on to his investment for still higher prices. As a result many buying orders were unfilled. Hides and lard boomed as they had not done since World War I, copper was up to 10, crude rubber up 2.28 to 18.9, highest since 1937. Next day, permissible limits were hit again. In two days untabulated millions of bushels of wheat changed hands. Brokers saw in World War II a drain down which...
...whack. Countries which had wheat to spare-particularly the U. S., which was blessed with a bumper crop in 1914-suddenly discovered themselves in a strong seller's market, with the price per bushel rising from 85? in July to $1.28 in December. Rye went up; so did lard; so did sugar. But no general inflation of prices occurred immediately. It was as if someone had turned on a strange magnetic current which attracted certain commodities, repelled others...